3110 Meandering Way APT 101Fort MyersFL33905
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Fort Myers at 3110 Meandering Way APT 101, Fort Myers, FL, 33905 earns $155/mo cash flow from $1,946/mo rent with a $1,321/mo payment. Total monthly income totals $1,946/mo, and annual cash flow totals $1,859/yr on $89,472 capital. ROI tracks 21.99% on current figures, and rental yield reads 8.65% at a $269,900 purchase. Equity gained on principal adds $1,742/yr, and 5% annual appreciation supports $74,568 over five years. Five-year ROI reaches 114.57% and total cumulative return in cash sums $102,510. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,946/mo property income instead of your personal income.
Condo
Built in 2004
4,870 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33905, Fort Myers, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,700 (100%) |
| Owner Occupied HU | 11,821 (57.1%) |
| Renter Occupied HU | 5,669 (27.4%) |
| Vacant Housing Units | 3,210 (15.5%) |
| Median Home Value | $385,883 |
| Average Home Value | $455,350 |
Housing Distribution
Address Breakdown
Residential
17,531
Single Family
15,853
Multi-Family
1,678
Businesses
815
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Listed by: Cecilia Biava • RE/MAX Gulf Coast Living
Mls Name: Florida Gulf Coast MLS
Mls ID: #2025015997